Nick Bunker is the Economic Research Director for North America at the Indeed Hiring Lab who focuses on the U.S. labor market. He was previously a Senior Policy Analyst at the Washington Center for Equitable Growth, an economics think tank. Prior to that, Nick was a Research Assistant at the Center for American Progress. He holds a B.S.F.S. in international economics from Georgetown University.
The line between being on temporary layoff and permanently losing a job is thin.
The trend in job postings was 22% lower than in 2019 as of July 17 — the eleventh week of gradual improvement.
The US economy gained 4.8 million jobs last month, and the unemployment rate is at 11.1%, down from 13.3% in May.
A rise in more permanent forms of unemployment would mean the economy is far less likely to bounce back quickly.
The Indeed Hiring Lab is an international team of economists who provide insights that help drive the global labor market conversation.
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